League of Legends co-creator responds to report that Arcane was a “financial miss,” says “people think we make things like Arcane to sell skins, when in reality we sell skins to make things like Arcane”

According to a new report, Arcane recouped less than half of its budget from payments to air its 18 episodes, but a Riot co-founder says the show is about more than just money.

Bloomberg‘s report claims Arcane was a “financial miss” and Riot “didn’t have a robust plan to recoup the cost of the show before it launched.” Executive producer Paul Bellezza tells Bloomberg the show cost $250 to produce and market, but that figure has been disputed.